Author: Manish Singh
GIC in talks to lead $40 million funding in India’s Vegrow
GIC is in talks to invest in the Indian startup Vegrow, which runs a business-to-business marketplace for fruits, two sources familiar with the matter said. The Singapore sovereign fund is evaluating leading a $40 million Series C funding round in Vegr…
Amazon to invest up to $4 billion in AI startup Anthropic
Amazon has agreed to invest up to $4 billion in the AI startup Anthropic as the e-commerce group steps up rivalry against Microsoft, Meta, Google and Nvidia in the fast-growing sector that many technologists believe could be the next great frontier. Th…
Walmart’s PhonePe launches app store with zero fee in challenge to Google
PhonePe launched the Indus AppStore Developer Platform on Saturday, promising no platform fee or commission on in-app purchases as the Walmart-backed fintech races to win Android developers in Google’s largest market. The Bengaluru-headquartered …
Indian music label Saregama in talks to acquire Pocket Aces in video push
Saregama is in talks to acquire Pocket Aces, three people familiar with the matter said, as the oldest Indian music label grows its video ambitions. The acquisition talks have been underway for several weeks, but a deal is yet to be finalized, the peop…
Google-backed Indian audio platform Kuku FM raises $25 million
Google-backed audio content platform Kuku FM has raised $25 million in a new funding round as it looks to make deeper inroads with its audiobook offerings in the South Asian market. Indian billionaire and technologist Nandan Nilekani’s Fundamentu…
YC says visa challenges hampering participation of international founders
The most recent cohort from Y Combinator features more than 200 startups. More than a record half of the S23 startups focus on AI applications, highlighting a dominant trend we can expect in the coming years. The S23 is remarkable for at least one more…
Prosus, Naspers CEO Bob van Dijk abruptly steps down
Bob van Dijk, the chief executive of Naspers and Prosus, has stepped down from his position effective immediately in a surprising move at the firms that own and are major backers of several large software businesses and startups globally. Ervin Tu, pre…
Apple adds support for India’s GPS alternative NavIC to iPhone 15 Pro
Apple has extended support for NavIC to some of the new iPhone 15 models, seemingly complying with New Delhi’s push to adopt India’s home-grown alternative to the GPS navigation system. On the tech specs page of the iPhone 15 Pro and the iP…